NEW YORK, NEW YORK - JANUARY 03: An Apple Store stands in lower Manhattan on January 03, 2019 in New York City. As a decline in Apple product sales in China continues to depress global markets, the Dow Jones Industrial average fell over 200 points in morning trading. Spencer Platt/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==
Apple Inc will cut back on hiring for some divisions after selling fewer iPhones than expected and missing its revenue forecast for the holiday quarter, according to people familiar with the matter.
Tim Cook, Apple’s chief executive officer, made the disclosure to employees earlier this month in a meeting the day after he penned a letter to investors about the company’s recent struggles, particularly in China.
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